Red Rock Resorts Inc (OQ:RRR)
Business Focus: Casinos & Gaming
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1505 S Pavilion Center Dr LAS VEGAS NV 89135-1403 |
| Tel: | N/A |
| Website: | www.redrockresorts.com |
| IR: | See website |
| Key People | ||
| Frank J. Fertitta Chairman of the Board, Chief Executive Officer | Scott Kreeger President | Lorenzo J. Fertitta Vice Chairman of the Board |
| Stephen L. Cootey Chief Financial Officer, Executive Vice President, Treasurer | Kord Nichols Chief Operating Officer, Executive Vice President | Jeffrey T. Welch Executive Vice President, Chief Legal Officer |
| Business Overview |
| Red Rock Resorts, Inc. is a holding company, which operates through its subsidiary, Station Casinos LLC (Station LLC). Station LLC is a gaming, development and management company that develops and operates casino and entertainment properties. Station LLC owns and operates seven gaming and entertainment facilities and ten smaller casinos. Its segments include Las Vegas operations and Native American management. The Las Vegas operations segment includes its Las Vegas area casino properties, and the Native American management segment includes its Native American management arrangements. Its casino properties are located throughout the Las Vegas valley and provide entertainment and dining options. It also controls six gaming-entitled development sites in Las Vegas. It offers gaming and non-gaming offerings, which include restaurants, hotels and other entertainment amenities. It controls and operates all of the business and affairs of Station Holdco LLC (Station Holdco) and Station LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Red Rock Resorts Inc revenues increased 4% to $1.72B. Net income decreased 14% to $176M. Revenues reflect Corporate and other segment increase of 34% to $14.1M. Net income was offset by Write-downs and other charges, net increase from $47.7M (income) to $32M (expense), Interest cost, net of interest income increase of 60% to $201.2M (expense). Dividend per share remained flat at $1.00. |
| Employees: | 9,385 as of Jan 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,329M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,724M as of Dec 31, 2023 |
| EBITDA (TTM): | $723.20M as of Dec 31, 2023 |
| Net annual income (TTM): | $176.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$265.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,190M as of Dec 31, 2023 |
| Shares outstanding: | 105,188,134 as of Feb 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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